Tesla Shanghai factory resumes production, the first batch of exported electric vehicles departs
Affected by the Shanghai epidemic, its super factory in the Shanghai Lingang Free Trade Zone has been suspended for nearly three weeks, and has officially resumed production on April 19.
Tesla said the shutdown of the Shanghai plant resulted in a loss of about a month of production, which is expected to have an impact on production and deliveries in the second quarter due to the limited level of resumption of production.
On May 11, the "GLOVIS SPLENDOR" rolling ship loaded with 4,767 Tesla electric vehicles departed from Shanghai Nangang Wharf and sailed to the port of Koper, Slovenia.
Shanghai is China's largest auto import and export center, accounting for about 70% of the country's auto foreign trade. With the increase in the number of "whitelist" companies for resumption of work and production in Shanghai, more and more enterprises in the automotive industry chain have resumed production. The capacity utilization rate of the first batch of resumption car companies in Shanghai Lingang Industrial Zone has gradually increased, and the whole vehicles have been rolled off the assembly line. As the ro-ro export terminal supporting the Lingang Industrial Zone, Shanghai Nangang Terminal is densely parked with commercial vehicles manufactured by Lingang car companies to be exported.
According to Japan's Yahoo News website, the US electric car giant Tesla recently announced its first-quarter results, with profits and sales exceeding expectations. Higher selling prices offset supply chain disruptions, higher costs and a brief closure of factories in Shanghai, China.
Tesla shares rose 5% in after-hours trading following the results. Sales rose 81% year over year to $18.8 billion. That beat a forecast of $17.8 billion compiled by Refinitiv. Earnings per share came in at $3.22, beating the forecast of $2.26.
Revenue from Tesla's sales of greenhouse gas emissions allowances to other automakers rose 31 percent to $679 million, and contributed to boosting sales and profits. Earnings before interest, tax, depreciation and amortization (EBITDA) per delivered vehicle rose more than 60% to $16,203.
Tesla CEO Elon Musk said on an earnings call that Tesla is on track to grow vehicle deliveries by 60 percent this year and is confident of an average annual growth rate of 50 percent over the next few years.
Musk pointed out in March that Tesla is facing huge inflationary pressures in the fields of materials and logistics due to the Ukraine crisis. Tesla's response to rising raw material prices has been to raise prices in China, the U.S. and elsewhere.
Post time:May-13-2022